In 2020, under the impact of covid-19 pneumonia epidemic, people have to transfer many activities to online. The digital economy such as online education, telemedicine, home office and e-commerce is booming, which has played an important supporting role in the stable operation of China’s economy. According to the data of China information and Communication Research Institute, the scale of China’s digital economy has reached 39.2 trillion yuan in 2020, accounting for 38.6% of GDP, ranking second in the world.
The Fifth Plenary Session of the 19th CPC Central Committee held in the same year raised the digital economy to a national strategy and proposed “to develop the digital economy, promote digital industrialization and industrial digitization, promote the deep integration of the digital economy and the real economy, and create a digital industrial cluster with international competitiveness”.
Driven by the joint efforts of policy and market, combined with the rapid development, accelerated maturity and commercial transformation of emerging digital technologies represented by cloud computing, big data, Internet of things, mobile Internet and artificial intelligence, digital economy has become the industrial field with the most active innovation, the fastest growth rate and the most extensive impact in economic development.
Dong Yunting, director of the expert committee of China Electronic Information Industry Federation, pointed out that in terms of international comparison, the proportion of digital industrialization in the United States, Britain and Germany in GDP is similar to that in China, and industrial digitization accounts for more than 50%. Therefore, industrial digitization is the focus of the future development of digital economy and the transformation and upgrading of traditional industries by applying data resources and digital technology.
According to the analysis of Dark Horse Technology Group Co.Ltd(300688) Industry Research Institute, with the in-depth development of digital economy, both digital industrialization and industrial digitization tend to integrate, and fall into industries and cities, integrating with urban industries and residents’ food, clothing, housing and transportation.
The vigorous market opportunities, the high attention of capital, the gradual maturity of technology and the outbreak of industrial chain are giving birth to a large number of dynamic digital economy unicorns, quasi unicorns and high growth enterprises.
Based on this, on December 22, Dark Horse Technology Group Co.Ltd(300688) jointly with Fuling District People’s government, Shanghai Securities News, investment circles, financing China and other authoritative media, together with 63 digital economy investment institutional investors and industry experts, jointly released the list of “2021 digital economy industry Top100”.
Wang Zhijie, Secretary of Fuling District Party committee, said that in recent years, Fuling has vigorously implemented the innovation driven development strategic action plan led by big data intelligence, adhered to digital industrialization and industrial digitization, actively promoted the deep integration of digital economy and real economy, accelerated the layout of new infrastructure of digital economy, focused on cultivating new advantages of digital economy, and committed to developing a “new blue ocean” of digital economy, Using big data intelligence to empower the economy and add color to life, the development of digital economy in the whole region has entered the “fast lane”, the transformation of traditional industries has pressed the “fast forward key”, urban management has become smarter and smarter, and people’s life services have become more and more colorful.
Based on this, Dark Horse Technology Group Co.Ltd(300688) jointly launched this list with Fuling District People’s government, aiming to find the most competitive enterprises in the field of digital economy, push them into the center of the digital era and show their unique value.
The indicators of this selection include five dimensions: scientific and technological strength, investment value, growth value, leading value and popularity. After voting, preliminary screening, online review, jury review and other review processes, the final list will be determined.
The selection lasted three months and went through five links: Planning (early October) → nomination / registration (October 14 – November 30) → public voting (October 14 – November 30) → jury review (October 21 – December 3) → list release (December 22).
Since the start of registration in October, nearly 100 enterprises have signed up in only two weeks. Through 13 online review meetings, the jury composed of investors, industry experts and third-party media rated the participating enterprises from the three dimensions of innovation value, user value and growth value. After layers of screening, the following industrial Unicorn Top50 and industrial cutting-edge Top50 enterprises were finally determined.
Dark Horse Technology Group Co.Ltd(300688) for the top 100 of Digital Economy:
Distribution of main industries: Industrial digitization (digitization in agriculture, education, retail, industry, medical treatment, real estate and other fields), digital industrialization (emerging technologies and modes such as cloud computing, big data, Internet of things, artificial intelligence, 5g and enterprise services), digital value reconstruction (chip, PCB), digital governance (intelligent manufacturing, digital government, smart city, etc.).
Top 50 Unicorn enterprise selection indicators:
First, in the c-round pre IPO stage, the valuation is more than RMB 1 billion or the revenue is more than RMB 100 million.
Second, in line with the national development strategy, substantive breakthroughs have been made in key technologies.
Third, the products are complete and landed in the industry, and large-scale replication growth has been realized.
Selection indicators of cutting-edge Top50 Enterprises:
First, angel round-b stage, with an estimated value of about 100 million-1 billion.
Second, the team has excellent background, good innovation value, great development potential and investment value.
Overall, the digital economy enterprises on the list have the following two characteristics.
1. Based on China’s national conditions, gain insight into industrial changes, continuously carry out self iterative upgrading around customer needs and in combination with their own genes.
2. Taking customers as the center, realize the two-way choice between service enterprises and customers, use cloud computing, big data, artificial intelligence, Internet of things and other technologies, combine with industries and cities, and jointly promote the implementation of supply and demand with customers.
The Dark Horse Technology Group Co.Ltd(300688) Industry Research Institute pointed out that the digital economy industry includes four parts: Industrial digitization, digital industrialization, digital value reconstruction and digital governance. From various data research, it is found that China’s digital economy presents two development trends.
First, the essence of industry related digital economy and digitization in the industrial field is to use new technologies and models to help industrial enterprises drive the improvement of production efficiency and reduce costs. Now it is mainly reflected in industrial software.
At present, digitization in the industrial field collects Beijing Vastdata Technology Co.Ltd(603138) through various data technologies, and then uses AI algorithm model to help predict the production and quality of industrial enterprises. However, practice has proved that the application of this method to industrial scenarios does not meet the expectations. But this is not the essential demand of industrial enterprises. The traditional industrial digitization mode makes more use of new technology and digital twins to do idealized digital modeling, only establishes a virtual world, and does not combine the industrial real world with the virtual world.
With Ge, Siemens and other giants applying the “digital twin” technology to the industrial scene, the digital economy sees new hope in the industrial scene. Its essence is to use the combination of industrial simulation technology and sensors to closely connect the real physical scene with the virtual physical scene, so as to achieve the goal of reducing cost and increasing efficiency. The key technology is the combination of software and hardware technology. For example, CAD, CAE and other software help enterprises mine the depth and breadth of data and connect the real world and virtual world; Servers, sensors, edge computing chips and other hardware are advancing by leaps and bounds to solve problems such as computing power; The two complement each other and integrate into one, which can better interact with the design, manufacturing, production and equipment maintenance in the industrial field in real time, and even expand to the user terminal and fully integrate with the society in the future.
The second trend is that digital industrialization and industrial digitization tend to develop together. First of all, both industrial digitization and digital industrialization rely on technological progress to help enterprises and industries upgrade. Moreover, this upgrade was initially local layout and remodeling.
Taking industry as an example, it is initially related to design, drawing or production process. These single node software systems are gradually improved by using new technologies.
As the automation of software systems related to various business nodes of industrial enterprises matures, they will be integrated together, reuse technology, connect and connect Beijing Vastdata Technology Co.Ltd(603138) produced by all business software systems, and then use AI for data processing to form an industrial Internet, thus forming a digital factory.
When the industrial Internet is opened up through technology, it forms a huge network and finally integrates into the meta universe. At the same time, meta universe uses various technologies such as virtual reality to connect, connect and integrate the other end with various dimensions of the city, such as transportation, education, agriculture and security. The smart city has also been formed, and the mutual integration of mobile Internet and industrial Internet has been completed.
Therefore, we find that technology is the driving force behind industrial digitization, digital industrialization, and digital value reconstruction. The integration of these dimensions by technology is the future development trend of digital economy. The ultimate goal of digital economy is to improve the production efficiency and operation efficiency of the whole society.
The enterprises on the list are very in line with the development trend of these industries. More and more enterprises realize that pure technology cannot be used as a commercial barrier. They also need to integrate technology, products, scenarios and industries with the help of landing industries and specific application scenarios to accelerate the landing of digital economy.
On the other hand, industrial enterprises have also begun to accelerate the research on digital twins and industrial software, in order to use technology to improve the industry and achieve better and healthier development.
Overall, in today’s economic environment and policy dividends, the digital economy has stepped onto China’s development stage, and more digital economy enterprises will shine on this stage in the future.
Finally, I would like to express my special thanks to the 60 + jury organizations for their support for this selection (ranking in no order), and thank you for your hard work.
(Securities Daily)
